US President Donald Trump has threatened to revoke Harvard University’s tax-exempt status, citing an “unlawful misuse of the US tax code.” The university claims this move would be “unlawful and unprecedented,” echoing concerns from free-speech advocacy groups. Harvard stands to lose millions in federal funding for medical research, scholarships, and other initiatives.
The IRS did not respond to questions about Trump’s claim. White House officials initially stated that any actions were independent of the president. Senate Democrats have asked Treasury Inspector General Heather Hill to investigate potential misuse of power. Critics say this move would silence universities and undermine the nonprofit sector.
Source: https://www.reuters.com/world/us/trump-take-away-harvards-tax-exempt-status-2025-05-02